Posts tagged Consumer Finance Protection Bureau
What is the Truth in Lending Act (TILA)?

The Truth in Lending Act (TILA) is a federal law designed to protect consumers from unfair or predatory credit practices and billing through the informed use of consumer credit.

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What is the Real Estate Settlement Procedures Act (RESPA)?

The Real Estate Settlement Procedures Act requires mortgage lenders to provide borrowers with accurate and timely cost disclosures for the real estate settlement process, as well as providing other regulations regarding real estate lending practices.

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